Legal & General Group Plc Purchases 6,102 Shares of Stifel Financial Corporation (SF)

Legal & General Group Plc increased its position in shares of Stifel Financial Corporation (NYSE:SF) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,313 shares of the financial services provider’s stock after acquiring an additional 6,102 shares during the quarter. Legal & General Group Plc owned approximately 0.14% of Stifel Financial worth $5,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Stifel Financial by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,990 shares of the financial services provider’s stock valued at $459,000 after buying an additional 35 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Stifel Financial by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,627 shares of the financial services provider’s stock valued at $259,000 after buying an additional 42 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Stifel Financial by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after buying an additional 113 shares during the last quarter. Greenwood Capital Associates LLC lifted its position in Stifel Financial by 2.9% in the second quarter. Greenwood Capital Associates LLC now owns 4,502 shares of the financial services provider’s stock valued at $207,000 after buying an additional 129 shares during the last quarter. Finally, ETRADE Capital Management LLC lifted its position in Stifel Financial by 0.7% in the second quarter. ETRADE Capital Management LLC now owns 19,819 shares of the financial services provider’s stock valued at $911,000 after buying an additional 147 shares during the last quarter. 88.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stifel Financial Corporation (NYSE SF) opened at $60.76 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market cap of $4,072.42, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70. Stifel Financial Corporation has a one year low of $41.93 and a one year high of $61.42.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The company had revenue of $721.20 million for the quarter, compared to analyst estimates of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. sell-side analysts anticipate that Stifel Financial Corporation will post 3.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. Stifel Financial’s dividend payout ratio (DPR) is presently 15.94%.

In related news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the sale, the insider now directly owns 96,226 shares in the company, valued at $5,167,336.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark P. Fisher sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $52.30, for a total transaction of $261,500.00. Following the sale, the vice president now owns 21,369 shares in the company, valued at $1,117,598.70. The disclosure for this sale can be found here. Insiders have sold 54,304 shares of company stock worth $2,869,480 over the last quarter. Insiders own 3.60% of the company’s stock.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Thursday, October 5th. Wells Fargo & Company raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $56.00 to $64.00 in a research report on Friday, December 1st. Finally, Nomura boosted their price target on shares of Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $58.67.

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Stifel Financial Company Profile

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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